ComEd 2009 Annual Report Download - page 20

Exelon฀at฀a฀Glance
comed
ComEd฀set฀all-time฀bests฀for฀fewest฀customer฀interruptions฀and฀average฀outage฀
duration฀in฀2009.฀ComEd฀customers฀experienced฀1.2฀million฀fewer฀interruptions฀
than฀in฀2008฀and฀service฀on฀average฀was฀restored฀nearly฀50฀minutes฀faster.฀
ComEd฀also฀continued฀its฀strong฀safety฀culture฀by฀achieving฀the฀company’s฀best฀
safety฀performance฀record฀ever.
In฀response฀to฀the฀economic฀downturn,฀ComEd฀reduced฀non-GAAP฀operating฀and฀
maintenance฀expenses฀by฀more฀than฀$80฀million฀from฀2008฀spending฀levels฀through฀
cost฀management฀and฀efficiency฀initiatives.฀Capital฀expenditures฀in฀2009฀were฀
reduced฀by฀$99฀million฀from฀2008฀levels฀by฀recalibrating฀new฀business฀spend฀and฀
system฀investment฀to฀align฀with฀decreased฀system฀demand.
The฀Illinois฀Commerce฀Commission฀(ICC)฀unanimously฀approved฀the฀deployment฀of฀
131,000฀smart฀meters฀to฀assess฀how฀Smart฀Grid฀technology฀can฀enhance฀service,฀
help฀customers฀make฀informed฀decisions฀about฀energy฀use฀and฀contribute฀to฀
reduced฀carbon฀emissions.฀ComEd’s฀environmental฀programs฀exceeded฀first-year฀
targets฀with฀more฀than฀160฀gigawatt-hours฀of฀energy฀savings.฀These฀programs฀
are฀on฀track฀to฀make฀ComEd฀an฀industry฀leader฀in฀electricity฀savings฀through฀
energy฀efficiency.
ComEd฀created฀an฀Operational฀Strategy฀and฀Business฀Intelligence฀organization฀
that฀drove฀productivity฀and฀efficiency฀through฀a฀number฀of฀initiatives,฀including฀
an฀enhanced฀service฀suspension฀model฀and฀revenue฀protection฀efforts.
In฀July,฀Illinois฀Governor฀Pat฀Quinn฀signed฀assistance฀legislation฀that฀included฀
a฀provision฀for฀utilities฀to฀recover฀actual฀uncollectible฀account฀expenses฀on฀an฀
annual฀basis฀through฀a฀rider฀adjustment฀mechanism.฀On฀February฀2,฀2010,฀the฀ICC฀
issued฀an฀order฀approving฀ComEd’s฀proposed฀tariffs,฀with฀minor฀modifications.฀
With฀the฀ICC’s฀approval฀of฀the฀tariff,฀ComEd฀will฀begin฀collecting฀past฀due฀amounts฀
in฀April฀2010.฀ComEd฀provides฀service฀to฀approximately฀3.8฀million฀customers฀in฀
northern฀Illinois.
peco
PECO’s฀continued฀focus฀on฀operational฀excellence฀led฀to฀record฀performance฀in฀
2009.฀Additionally,฀PECO฀achieved฀key฀milestones฀on฀regulatory฀fronts฀in฀the฀
transition฀to฀competitive฀market฀pricing฀for฀generation,฀supported฀the฀Exelon฀
2020฀environmental฀initiative฀and฀met฀its฀financial฀goals.
In฀operations,฀PECO฀reduced฀customer฀interruptions฀of฀electric฀service฀by฀6.5฀percent,฀
experienced฀the฀fewest฀substation฀bus฀outages฀ever,฀and฀achieved฀the฀company’s฀
best฀reliability฀performance฀ever฀(as฀measured฀by฀IEEE฀SAIFI).฀As฀part฀of฀$388฀million฀in฀
capital฀investments,฀PECO฀increased฀its฀distribution฀system฀automation,฀completed฀
its฀Tunnel฀electric฀substation฀serving฀University฀City,฀began฀work฀on฀a฀new฀$55฀million฀
transmission฀substation฀in฀Worcester,฀Pa.,฀and฀completed฀nearly฀110฀infrastructure฀
improvements฀on฀its฀gas฀delivery฀system.฀Furthermore,฀PECO฀reduced฀its฀bad฀debt฀
expense฀by฀$97฀million฀compared฀with฀2008.฀Also฀notable฀was฀a฀new฀five-year฀labor฀
agreement฀reached฀with฀IBEW฀Local฀614.
PECO฀also฀continued฀to฀demonstrate฀its฀leadership฀to฀its฀regional฀community฀and฀
the฀environment฀and฀raised฀its฀customer฀satisfaction฀score฀higher฀than฀the฀four฀
previous฀years.฀In฀support฀of฀Exelon฀2020,฀PECO฀exceeded฀its฀targets฀for฀reduction฀of฀
greenhouse฀gases,฀expanded฀its฀fleet฀of฀cleaner,฀alternative-fueled฀vehicles,฀and฀made฀
significant฀energy฀efficiency฀improvements฀at฀five฀service฀centers.฀
PECO’s฀smart฀grid฀proposal฀was฀one฀of฀only฀six฀in฀the฀nation฀to฀receive฀approval฀
of฀a฀$200฀million฀federal฀stimulus฀grant.฀The฀company฀began฀to฀buy฀wholesale฀
energy฀as฀part฀of฀the฀transition฀to฀competitive฀markets฀beginning฀in฀2011฀and฀
secured฀renewable฀energy฀credits฀to฀comply฀with฀Pennsylvania’s฀Alternative฀
Energy฀Portfolio฀Standard.฀The฀Pennsylvania฀Public฀Utility฀Commission฀also฀
approved฀the฀company’s฀four-year฀“Smart฀Ideas”฀package฀of฀energy฀efficiency/
demand฀response฀programs฀to฀help฀consumers฀reduce฀peak฀demand฀and฀overall฀
energy฀consumption.฀
exelon฀generation฀
Exelon฀Nuclear,฀the฀nation’s฀largest฀operator฀of฀commercial฀nuclear฀reactors,฀฀
performed฀at฀world-class฀levels฀in฀2009.฀
The฀company’s฀8,700฀nuclear฀professionals฀implemented฀industry฀best฀practices฀
to฀ensure฀safe,฀reliable฀operation฀throughout฀the฀fleet.
Exelon฀Nuclear’s฀10฀generating฀stations฀with฀17฀reactors฀in฀the฀Midwest฀and฀฀
Mid-Atlantic฀regions฀achieved฀an฀average฀capacity฀factor฀of฀93.6฀percent฀in฀2009,฀
the฀seventh฀consecutive฀year฀capacity฀factor฀exceeded฀93฀percent,฀and฀produced฀
just฀over฀131.3฀million฀megawatt-hours฀of฀electricity.฀Exelon’s฀Three฀Mile฀Island฀
Unit฀1฀set฀a฀new฀world฀record฀for฀Pressurized฀Water฀Reactors฀with฀a฀705฀day฀฀
continuous฀run.฀The฀organization฀also฀improved฀its฀industrial฀safety฀record฀by฀฀
33฀percent.
In฀2009,฀Exelon฀Nuclear฀contributed฀to฀Exelon฀2020:฀a฀low-carbon฀roadmap฀
through฀equipment฀upgrades฀at฀its฀Quad฀Cities,฀Dresden฀and฀Peach฀Bottom฀nuclear฀
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